Under Chapter 7 of the Bankruptcy Code,creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category.

Name: Under Chapter 7 of the Bankruptcy Code,creditor claims are divided into classes and the highest class must be satisfied in full before going to the next category.
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Under Chapter 7 bankruptcy, claims are prioritized, and higher-priority claims must be paid in full before lower-priority claims receive any payment.

Under Chapter 7 of the Bankruptcy Code,creditor Claims Are Divided